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Most Big Steelmakers Expect
To Post Healthy Gains in Net

By

Chris Adams Staff Reporter of The Wall Street Journal

Updated Oct. 8, 1997 12:01 a.m. ET

Thanks to generally firmer prices and aggressive cost-cutting, all but two of the seven largest steelmakers in the U.S. are expected to post improved third-quarter earnings compared with a year earlier.

"It should be a good quarter for the sector," said Michael Gambardella, an analyst with J.P. Morgan Securities Inc. "We're in the fifth year of a fairly strong market for steel," he said, adding that most big...